Anyone can make money
in real estate.
That's a lie. Some people don't have vision, and without
vision you can't make money in real estate. Blind people
have the hardest time with vision because they can't
see, and it's hard to hear, touch, smell or taste vision.
Also, if you don't have a good credit score, no one
will lend you money.
When looking at houses, it's what's on the inside that counts
(i.e., carpet, structure, replacement windows, breakfast nook, etc.).
Real estate is just like dating. It's all well and good if you find a woman with a great personality, or is set to have babies. But if she doesn't have "the goods up top" and doesn't like to drink, then what fun will we have making those babies?
The real estate market bubble
is about to burst. In order for the bubble to burst, there has
to be a bubble in the first place. Let's look at what
a bubble really is: it's round, see-through, and infinitely
expandable. I've never seen a house like that. (But
if I did, I'd buy it.)
If your hairdresser is in the market, you're too late.
Not true. Anyone can make money in the market, at any time. It's easy to out-bid a hairdresser on a house. I have money to offer, and all they have is the ability to barter haircuts. (umm... this house costs $279,000, or 45,000 flat-tops).
Adding a pool adds value to your home.
Huge lie. A pool can drag down the value of your house.
Especially if the neighbor kid drops a brown submarine
in there while you're on vacation.
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Remember: credit scores aren't just about using your Visa to buy drinks for chicks. It's about trust. Proving you're trustworthy to borrow money. Cash-o-lah. The greenbacks. Sweet lettuce. Here's the rub: if your credit score stinks, no one will lend you money.